Wedgemount Resources Corp.
WDGY.CN
Canadian Securities Exchange0.08
CAD
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Wedgemount Resources Corp.
WDGY.CN
(Canadian Securities Exchange)
Recent
price
0.08
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Wedgemount Resources Corp. (CSE:WDGY) is a Vancouver-based junior oil and gas company that acquires, develops, optimizes, and exploits conventional producing oil and gas assets in West Central Texas, USA, including the Willowbend, Millican, and Huggy properties in Runnels, Taylor, and Coleman counties; the company applies innovative enhanced recovery techniques such as chemical treatments and well stimulations to boost production and cash flow from low-entry-cost assets. Incorporated in 2020 and headquartered at 2303 Lawson Avenue, West Vancouver, British Columbia, Canada, Wedgemount targets underdeveloped and undercapitalized properties in the Permian Basin region to build efficient core operating areas with low transportation costs. The company partners with a Texas-based turnkey oilfield management firm boasting over 50 years of local expertise. Recent operational updates include the integration of the Huggy acquisition, with repaired gas transmission lines enabling sales, reclassification of certain gas wells to oil wells, and ongoing chemical treatments across well formations and facilities throughout 2025 to enhance reserve recovery and production; pre-Huggy assets such as the optimized Davis lease wells sustain elevated output exceeding historic initial production rates at over 20 barrels per day in early 2025, supported by monthly maintenance stimulations. In October 2025, Wedgemount proposed settling $129,950 in interest on its $2.599 million 10% unsecured convertible debentures issued in 2024 via share issuance, alongside plans for a private placement to fund ongoing activities.